thegoodlife

A boutique real estate brokerage servicing LA’s Eastside & beyond

Los Angeles Market Update

We’ve seen a record low number of new listings hitting the market thus far in 2022, causing buyer demand to spike beyond 2021 levels despite rising interest rates. The amount of homes currently on the market in the Eastside Los Angeles area is down 63% from spring 2019, bringing NELA home values up 51% since the same period.

The median price for a home in LA’s eastside zips combined is currently $1,326,666. Eastside homes are spending between 10-15 days on the market before accepting an offer, having received multiple offers and closing a median of 20% over the asking price.

It’s been a wild ride for buyers and sellers this past year but we’re giving the spirit award to buyers for hanging in there through the intense bidding wars. Everyone keeps asking if we think the market will cool with these new much higher interest rates but we’ve yet to see a decrease in the number of available buyers for each home, only time will tell.

Recent Posts

SOLD: 10441 McClemont Ave in Tujunga

SOLD: 10441 McClemont Ave in Tujunga

It's a wild world out there but we're keeping it real here in Tujunga. You'll look forward to staying home when you have a bright open-concept floorplan like this one. Spread out in 3 generously sized bedrooms w/ XL closets to hold all that stuff you've acquired shopping online during the...

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SOLD: 3109 Chaucer St in Cypress Park

SOLD: 3109 Chaucer St in Cypress Park

Welcome to Cypress Park, the eastside's hidden gem of classic California bungalows situated in perfect little rows at the base of Mt Washington. This remodeled 1922 beauty boasts 1,565 square feet w/ oversized living, dining, and kitchen areas, 3 spacious bedrooms, 2 bathrooms + a detached 170 sq...

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SOLD: 500 Molino St #305 in the Arts District

SOLD: 500 Molino St #305 in the Arts District

This airy, modern, and light-filled top floor unit is the embodiment of Arts District DTLA living. Centrally located, this unit is walking distance to some of the District's most notable restaurants, venues, and shops. Inside, the unit features high ceilings, original wood flooring, in-unit...

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